Which of the following is an example of a negative externality?
A) Bad weather reduces the size of the wheat crop.
B) A reduction in the size of the wheat crop causes the income of wheat farmers to fall.
C) Smoking harms the health of nonsmokers who are nearby.
D) Smoking harms the health of the smoker.
Correct Answer:
Verified
Q88: Marginal social benefits are equal to
A)marginal private
Q91: Market failure is a situation in which
A)negative
Q92: In general, positive externalities result in
A)too much
Q93: A negative externality exists when
A)marginal social costs
Q94: When marginal private cost is less than
Q95: If a positive externality exists, _ in
Q98: If a negative externality exists, _ in
Q99: A positive externality exists when
A)a person's or
Q100: If the government does not provide it,
Q101: If the consumption of a good by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents